Can't afford a Tesla? Consider these 4 alternatives | finder.com
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Can’t afford a Tesla? Consider these 4 alternatives

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And they all ring in under $45,000.

If you want a Tesla but can’t handle the price tag, mainstream manufacturers have started making electric vehicles (EVs) that can compete. And with more and more slated to hit car lots in the coming years, Tesla’s going to have a fight on its hands. Here are four alternatives to consider in the meantime.

1. Nissan Leaf

This year, Nissan is updating its popular and successful Leaf electric car. The Leaf is currently the world’s best-selling EV, with over 300,000 units shipped. It’s also one of the most affordable. The original Leaf launched in 2010 while Tesla was still converting rebadged Lotus cars to electric.

The original car featured numerous aerodynamic design features, including sweeping headlights that deflect air around the wing mirrors, reducing drag. The underside also had smooth panelling, making the car more slippery and further lowering drag. Nissan opted for LED headlights to lower power usage and increase efficiency.

The 2019 Leaf is available with ProPilot Assist to rival Tesla’s automated driving options, and the S Plus model has a range of up to 226 miles.

You can buy a 2019 Nissan Leaf starting at $29,990. And tax credits can drive the price even lower through April 2020.

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Tesla Alternatve: The Nissan Leaf

Image source: Shutterstock

2. BMW i3

For those looking for a luxury vehicle, the i3 and i3s models by BMW fit the bill nicely. The i3 is 95% recyclable, with BMW stating they tried to design with sustainability in mind. The car has a range of 153 miles — or 200 miles with a range extender.

The interior is deceptively spacious, but the external styling may divide opinions. The accompanying BMW smartphone app even helps drivers improve range and learn their driving habits.

You can buy a 2019 BMW i3 starting at $44,450.

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BMW i30 Tesla alternative

Image source: BMW.com.au

3. Chevy Bolt EV

The Bolt EV offers the best range on this list, going up to 238 miles on a single charge. If that’s not enough, it can charge up enough to go 90 miles in about 30 minutes at a DC Fast charging station.

It also offers over 56 cubic feet of cargo space and a range of automated safety features to help prevent accidents.

You can buy a 2019 Chevy Bolt EV starting at $36,620.

Chevy Bolt Image: Supplied

Image source: Chevrolet.com

4. Hyundai Ioniq Electric

Hyundai now offers a fully electric version of the Ioniq, but availability is limited as of May 2019. Though the 5-seater hatchback appears pretty conventional externally, the car receives widely positive reviews. And Hyundai claims a range of 124 miles.

The Ioniq Electric offers an array of extra safety features like emergency braking and blindspot detection. Its battery carries a lifetime warranty and four-hour recharge time on a domestic plug.

You can buy a 2019 Hyundai Ioniq Electric with a starting MSRP of $30,315 or upgrade to the Electric Limited, which starts at $36,815.

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Hyundai Ioniq

Image source: Shutterstock

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Updated June 16th, 2019
Name Product Filter Values Minimum Credit Score Loan Term Requirements
300
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Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
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600
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Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
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300
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Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
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2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Fair or better credit
From 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
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510
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Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
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Good to excellent credit
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18+ years old, good to excellent credit, US citizen
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Bottom line

Tesla may be one of the most well-known makers of electric cars, but it’s far from the only option. And the alternatives on this list come in way under Tesla’s sticker price.

Find a car that works for you? Read our guide to car loans to find out how to finance it.

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